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Citizenship by Investment (CBI), or economic citizenship, allows individuals to acquire citizenship in a country by making significant financial contributions to its economy. Many countries use this legal framework to attract investments and stimulate economic growth. Typical investment options include real estate, business ventures, or government bonds. In exchange, investors receive full citizenship, often with benefits such as visa-free travel, business opportunities, and potential tax savings. Countries with popular CBI programs include Dominica, Grenada, Vanuatu, St. Lucia and many more.
Residency by Investment (RBI) or also known as golden visa, allows individuals to acquire citizenship in a country by making significant financial contributions to its economy. This involves investing largely on real estates, government bonds and other business ventures which can be reowned after a minium of 5 years. While both Citizenship and Residency programs involve investment, Residency by Investment provides the investor with full citizenship rights and a passport, whether it is for business transactions, the perks of becoming a Global Citizen, or simply have a ‘Plan B’, there is a program that will suit your needs. Countries with popular RBI programs include Greece, Latvia, Hungary, Cyprus, Italy, Brazil just to mention but a few.
The price for a second passport differs from country to country. However, the option to get a second passport in countries that offer Citizenship by Investment is aimed at high net-worth individuals, the lowest costs start at $100,000 for a single applicant in the Caribbean while the highest costs climb to over $2 million in Spain.
The length of time to obtain a second passport differs from country to country. The Caribbean countries such as Dominica, St. Kitts and Nevis, St. Lucia and Nauru offer one of the quickest routes to getting a second passport, which can be granted within 2 to 6 months. This can be contrasted with Spain, which requires applicants to reside permanently in the country for 10 years before applying for citizenship.
There are numerous benefits to having a second passport. Dual citizenship increases the numbers of countries in which you can live and work at (especially if your second passport is in the Schengen area). If you are worried about the future of your original country, it also gives you a “backup” country to move to, should you need it. A second passport can also open up many new countries around the world that you will be able to travel to visa-free such as the Schengen Zone, United Kingdom, Singapore, Hong Kong and many others. Again, you can easily access a business grant if you are a business oriented person through different loan facilities.
There are many countries around the world that allow high-value investors to become citizens. Some of the most in-demand Citizenship by Investment options include Dominica, Saint Kitts and Nevis, Grenada, Antigua and Barbuda, Saint Lucia, Vanuatu and Nauru.
